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What is World Economic Forum?

World Economic Forum

About World Economic Forum

What is World Economic Forum?

The World Economic Forum (WEF) is an independent international organisation committed to improving the state of the world by engaging business, political,
academic and other leaders of society to shape global, regional and industry agendas. Earlier named as 'European Management Forum', the WEF was established as a not-for-profit foundation in January 24, 1971 by German engineer and a business professor Klaus Schwab. It is headquartered in Geneva, Switzerland.
 
The World Economic Forum is funded by 1,000 member companies, generally global enterprises.
 
The organisation manages 38 communities across business, government and civil society.
The WEF conducts annual meeting, to discuss global issues across several sessions,
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Latest Updates on World Economic Forum

India to play crucial role in global AI revolution: Chandrababu Naidu

Speaking at a press conference just before the 16th Finance Commission meeting here, Naidu said there was significant global interest in India's development trajectory at the World Economic Forum

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Updated On : 03 Feb 2025 | 11:48 AM IST

Even in automation, managers remain central: o9 Solutions Co-founder & CEO

Multi-tier supplier networks, higher product variability and evolving customer needs make it increasingly difficult to maintain end-to-end visibility and operational efficiency, Chakri said

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Updated On : 05 Feb 2025 | 6:20 PM IST

Despite foreign money exodus, fund managers in Davos see India appeal

Foreign portfolio investors have withdrawn more than $31 billion from Indian equity markets since October, provisional exchange data shows

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Updated On : 30 Jan 2025 | 7:50 PM IST

Focus should be on smart talent, not labour arbitrage: Ronnie Screwvala

he highlighted that India has a significant opportunity to position itself as one of the world's most innovative nations by focusing on developing its talent pool

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Updated On : 26 Jan 2025 | 10:36 PM IST

India puts up big show at Davos WEF, bags Rs 20 trn investment commitments

All states and central government departments shared space for the first time at two India Pavilions

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Updated On : 24 Jan 2025 | 11:07 PM IST

Trust, talent attracting investors to India: Ashwini Vaishnaw at Davos

Another very important factor is talent, the minister said

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Updated On : 24 Jan 2025 | 10:22 PM IST

Essar Group to invest $650 mn more in US steel plant: Prashant Ruia

Company to focus on energy, metals and mining, infrastructure and technology in India, he says

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Updated On : 24 Jan 2025 | 10:33 PM IST

Trump tells businesses to manufacture in US or face higher tariffs

Trump also said he is going to ask Saudi Arabia and Opec to bring down oil prices and asserted that if prices come down Russia-Ukraine war will end immediately

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Updated On : 24 Jan 2025 | 6:48 AM IST

India poised for global leadership in AI, balance necessary: Vaishnaw

Vaishnaw said people across the world now understand how India could stay on a sustained growth path when many other countries went deep under debt

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Updated On : 23 Jan 2025 | 11:57 PM IST

Telangana govt inks MoUs worth Rs 1.79 trillion investments at Davos

The biggest individual investments breakup broadly includes Amazon AWS - Rs 60,000 crore data centre, Sun Petrochemicals - Rs 45,500 crore, Tillman Global Holdings - Rs 15,000 crore

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Updated On : 23 Jan 2025 | 11:17 PM IST

Entire planet will be now peaceful, prosperous: Trump at WEF meet

Addressing the World Economic Forum Annual Meeting here through video conferencing, Trump also said his administration has accomplished in four days what other regimes could not get in four years

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Updated On : 23 Jan 2025 | 10:32 PM IST

Manchester United likely to kick off its India journey from Chennai

Manchester United is exploring the prospect of bringing global standards of football training to Tamil Nadu

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Updated On : 24 Jan 2025 | 12:11 AM IST

Growing geoeconomic fragmentation can decrease global GDP by $5.7 trn: WEF

The Navigating Global Financial System Fragmentation report estimated that fragmentation resulting from statecraft policies could cost the global economy $0.6 trn to $5.7 trn up to 5% of global GDP

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Updated On : 23 Jan 2025 | 7:38 PM IST

Of 29 MoUs signed in Davos, only 1 co from outside India: Aaditya Thackeray

Thackeray said the Davos trip of CM Fadnavis seems to be "totally misaligned" by his office

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Updated On : 23 Jan 2025 | 6:45 PM IST

Paras Defence inks pact for Rs 12,000 cr optics park in Maharashtra by 2035

The project is expected to commence in 2028 and will continue till 2035 to ensure scalability and flexibility

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Updated On : 23 Jan 2025 | 2:00 PM IST

First 'Made-in-India' chip to now roll out in 2025, says Ashwini Vaishnaw

Notably, the chip was supposed to be launched in December 2024, as announced by Ashwini Vaishnaw at the Davos summit in January last year

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Updated On : 23 Jan 2025 | 12:30 PM IST

World Economic Forum: Leaders call for action on AI, regional reforms

United Nations Secretary-General Antnio Guterres issued a stark warning about two escalating global threats: the unchecked expansion of artificial intelligence and the climate crisis

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Updated On : 23 Jan 2025 | 11:13 AM IST

India's brand has been reinforced under PM Modi's leadership: Andhra CM

The brand of India has been reinforced under Prime Minister's leadership. India is very strong, and well-recognized by global community, global investors and all countries, Andhra Pradesh CM said

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Updated On : 23 Jan 2025 | 7:42 AM IST

Investment MOUs worth Rs 16 trillion signed in Davos, says CM Fadnavis

The chief minister said these MOUs have been signed across various sectors and would help the state in achieving its goal of taking its GDP to $1 trillion

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Updated On : 23 Jan 2025 | 7:08 AM IST

Andhra CM meets Bill Gates at WEF, discusses ties in health, education

The two deliberated on establishing a centre of excellence for health innovation and diagnostics in the southern state to offer cutting-edge services

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Updated On : 23 Jan 2025 | 7:05 AM IST